What is a SWOT analysis? How does it relate to strategic planning?
What will be an ideal response?
The SWOT acronym represents the four components of a situation analysis, the second step in strategic business planning. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal components of the organization that should be analyzed, while opportunities and threats are characteristics of the external environment that should be analyzed. With the SWOT analysis, the company is determining its present status, its current capabilities, and its future expectations.
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Which chapter of the Bankruptcy Code is best thought of as temporary protection from creditors while a business goes through a planning process to pay creditors while continuing to do business?
A. Chapter 11 B. Chapter 12 C. Chapter 13 D. Chapter 7
Strategic business units are an organizational form in which geographic divisions have been defined as though they were distinct, independent businesses.
Answer the following statement true (T) or false (F)
Before you solve a business problem, gather relevant data and then analyze it to find ____.
A. trends B. indicators C. other related information D. all of the above
The rights of a third party bene¬ficiary under a contract vest if the third party brings a lawsuit on the promise
Indicate whether the statement is true or false